Supplier Risk Management

Improve Supplier Risk Management with Optiv
 

With more than 50 percent of all breaches today originating from a third-party, supplier risk management is a growing concern for enterprise IT teams. Third-party risk management (TPRM) is critical both to protecting the organization and its people and data, and to complying with a host of regulatory frameworks such as PCI DSS, HIPAA and others.

Designing, implementing and monitoring a supplier risk management program usually isn't within the bandwidth of even the largest IT organizations. The sheer volume of third-party relationships in a typical enterprise makes supplier risk management extremely costly. And while third-parties are increasingly important to conducting business today, IT teams must ensure that the third-party risk doesn't outweigh the benefits.

Optiv can help. We offer a comprehensive suite of supplier risk management solutions that can simplify third-party risk assessment, management and mitigation to minimize your company's risk exposure while also reducing the cost of managing third-party relationships.

Optiv Services for Supplier Risk Management
 

Optiv is a market leading provider of end-to-end cyber security solutions that help clients plan, build and run effective cyber security initiatives. With more than 12,000 clients of various sizes across multiple industries, our team offers a breadth of experience and depth of expertise that can help to solve your most pressing security challenges.

Our supplier risk management services include:

  • Supplier risk management program assessment. We evaluate existing programs to identify gaps, identifying the maturity levels of your current programs while delivering recommendations for improvements.
  • Program development. We help to develop new programs and refine existing supplier risk management programs with policies, tools and scoring methodologies that help to optimize flexibility and scalability.
  • Discovery and categorization. To initiate your supplier risk management program, we help to identify and classify your entire third-party ecosystem and help to narrow your efforts to the partners that pose the highest levels of risk.
  • Security risk assessment. We use several assessment options – from remote, questionnaire-based assessments to on-site, in-depth assessments – to assess a risk level for each vendor and determine whether third parties meet security standards.
  • Optiv Evantix – a third-party managed service. This risk management solution provides services for collecting, maintaining and scoring third-party risk to improve compliance and lower costs.

Benefits of Optiv's Supplier Risk Management Services
 

With supplier risk management solutions from Optiv, you can:

  • Make more informed decisions about vendors and service providers to dramatically reduce exposure to potential risk.
  • Manage risk with processes, people and technology solutions tailored to your business needs, requirements and capabilities.
  • Minimize the burden on IT teams for handling supplier risk management.
  • Minimize risk as well as the cost of managing it.

Learn more about supplier risk management and Optiv.